Ajai Shukla has held multiple leadership roles across Tata Capital and its housing finance arm. An official announcement regarding the appointment is expected shortly, it is learnt.
Stocks to Watch, 29 October: Stocks like Shree Cement, Jindal Steel, Tata Capital, Mahindra and Mahindra Financial Services, Premier Energies, DCM Shriram, Ideaforge Technology, Happiest Minds Technologies, Novartis India, Sundram Fasteners, CreditAccess Grameen, and Star Health and Allied Insurance Company will be in focus on October 29.
ICICI Securities recommended hold rating on PNB Housing Finance with a target price of Rs 970 in its research report dated October 28, 2025.
Growth rebound story at a reasonable valuation
Stocks to Watch, 28 October: Stocks like Indus Towers, PNB Housing Finance, Mazagon Dock Shipbuilders, Sai Silks Kalamandir, JK Tyre and Industries, Adani Energy Solutions, Sona BLW Precision Forgings, Aditya Birla Capital, Dilip Buildcon, Epack Prefab Technologies, Rail Vikas Nigam, and Tata Chemicals will be in focus on October 28.
Stocks to Watch, 08 Sept: Stocks like Adani Power, SpiceJet, Jaiprakash Associates, Zydus Lifesciences, Aurobindo Pharma, BHEL, HFCL, Ceigall India, ACME Solar Holdings, Prime Focus, Time Technoplast, Exxaro Tiles, and NTPC Green Energy will be in focus on September 08.
Stocks to Watch, 01 September: Stocks like Torrent Power, NCC, PG Electroplast, BHEL, Popular Vehicles, EPACK Durable, Dharan Infra, Adani Power, Aurobindo Pharma, Classic Electrodes (India), Anondita Medicare, and Shivashrit Foods will be in focus on 01 September.
Stocks to Watch, 4 August: Stocks like ABB India, Dilip Buildcon, ITC, Railtel Corporation of India, Hero MotoCorp, Delhivery, MCX, Muthoot Capital Services, Harsha Engineers, Tata Power, and Federal Bank will be in focus on August 4.
During his tenure, Kousgi drove innovation and strategic evolution, and aligned the company with customer-centric solutions. The board appreciated Kousgi's leadership and mentorship through his tenure and wished him best for his future endeavours.
The MD and CEO submitted his resignation on July 30, which was accepted by the board on July 31. Kousgi will also step down from the boards of PHFL Home Loans and PEHEL Foundation, both subsidiaries of PNB Housing Finance.
Growth-accretive expansion, resumption of corporate lending will drive scale, boost RoA
PNB Housing Finance's Q1 net interest income grew 17 percent to Rs 760 crore at the end of Q1 2025 against Rs 651 crore in the year-ago quarter.
Stocks to Watch, 22 July: Stocks like Titan Company, Bajaj Finance, PNB Housing Finance, Oberoi Realty, Havells India, 360 One WAM, Arisinfra Solutions, BL Kashyap and Sons, Afcons Infrastructure, and Lemon Tree Hotels will be in focus on July 22.
Stocks to Watch, 3 July: Stocks like Avenue Supermarts,Hindustan Zinc, FSN E-Commerce Ventures Nykaa, Punjab National Bank, Aurobindo Pharma, Le Lavoir, Motilal Oswal Financial Services, Nestle India, Max Financial Services, and Indogulf Cropsciences will be in focus on July 3.
PNB Housing Finance is among the housing finance companies (HFC) in India, and has a loan book of Rs 80,000 crore as of FY25.
The indicative price of the block was Rs 960 per share, which was a 5 per cent discount to the Rs 1,010.20/share close on April 30.
Stocks to Watch, 02 May: Stocks like Adani Enterprises, Adani Ports and Special Economic Zone, Indus Towers, Jindal Steel & Power, Nuvoco Vistas Corporation, Home First Finance Company India, Sundram Fasteners, MOIL, Phoenix Mills, Godrej Agrovet, LG Balakrishnan & Brothers, JSW Infrastructure, and Sona BLW Precision Forgings will be in focus on May 2.
The March quarter profit for PNB Housing advanced 25 percent to Rs 550 crore. It had posted a net profit of Rs 439 crore in the same quarter a year earlier.
ICICI Securities is bullish on PNB Housing Finance recommended buy rating on the stock with a target price of Rs 1200 in its research report dated April 29, 2025.
Stocks to Watch, 29 Apr: Stocks like RPG Life Sciences, Adani Green Energy, Oberoi Realty, Fino Payments Bank, KFin Technologies, Plastiblends India, Hatsun Agro Product, AWL Agri Business, Adani Total Gas, Nippon Life India Asset Management, Firstsource Solutions, Go Digit General Insurance, and Greenply Industries will be in focus on April 29.